Updating the outside of a home pays off, according to this year’s Cost vs.
Value Report. Real estate professionals ranked exterior improvement projects as
winning the buyers’ eye and providing sellers with the most return on
investment.
If your clients are wondering what home improvement projects will give them
the best return on the sale of their home, tell them to think “curb appeal.”
When buyers are shopping for a home, the exterior can make (or break) the
first impression. According to the 2013 Cost vs. Value Report, exterior
replacement projects are among the most valuable home improvements that sellers
can currently invest in, starting with the front door.
A steel entry door topped this year’s survey with an estimated 85.6 percent
of the costs recouped at resale. The steel door replacement is also the least
expensive of the 35 midrange and upscale remodeling projects included in the
survey, costing $1,137 on average.
This is the 15th year that Remodeling magazine — in cooperation with
REALTOR® Magazine — has released the Cost vs. Value Report. This year’s survey
included more than 3,900 appraisers, sales agents, and brokers across the
country who provided their opinions and estimates.
Exterior projects dominated the list with six of the top 10 most
cost-effective midrange projects and eight of the top 10 upscale projects.
Read more here: http://realtormag.realtor.org/home-and-design/cost-vs-value/article/2013/01/2012-13-cost-vs-value-make-first-impression-count
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